The profit after tax of General Tyre and Rubber Company of Pakistan Limited has increased by 30 percent to Rs 235.197 million in the quarter ended September 30, 2016 as compared to Rs 180.295 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting held here on Thursday declared that the company's earning per share has surged to Rs 3.93 in the period under review against Rs 3.02 in the same quarter last year.
According to the financial results, the company's net sales increased to Rs 2.181 billion in this quarter against Rs 2.153 billion in the same quarter last year while the cost of sales reduced to Rs 1.629 billion against Rs 1.709 billion. The company's profit before taxation increased to Rs 344.295 million in this quarter against Rs 259.627 million in the same quarter in previous year.
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